Tag: Federal Reserve
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Citigroup profit drops on bigger stockpiles for potential loan losses
Citigroup's (C) profit fell 9% in the third quarter as it set aside more money to cover loans that may not be repaid, particularly...
Guess What Percent Of Households Have Over $1 Million? You Might Be Shocked By The Number Of Millionaires
Many people dream of joining the millionaire club and that dream has become a reality for many Americans.According to the Federal Reserve's latest data...
Retail sales, big banks’ results, and Netflix earnings: What to know this week
Stocks closed another week at record highs as investors began to digest quarterly earnings releases and debate intensified over what the Federal Reserve will...
Should You Buy New York Community Bancorp While It’s Below $13?
Last month, the Federal Reserve reduced its benchmark interest rate by 50 basis points. It was the Fed's first interest rate cut since the...
Wells Fargo’s profit falls on lower interest income
Wells Fargo's (WFC) profit fell in the third quarter as the bank's interest income was squeezed by subdued loan demand and higher payments to...